-- Posted 10 December, 2010 | | Source: SilverSeek.com
| Close | Gain/Loss | On Week |
Gold | $1383.80 | -$7.70 | -1.51% |
Silver | $28.60 | -$0.15 | -1.79% |
XAU | 223.45 | +0.56% | -0.81% |
HUI | 570.51 | +0.38% | -1.90% |
GDM | 1699.53 | +0.33% | -1.84% |
JSE Gold | 2722.93 | -23.65 | -0.99% |
USD | 80.08 | +0.05 | +1.14% |
Euro | 132.31 | -0.09 | -1.39% |
Yen | 119.12 | -0.32 | -1.50% |
Oil | $87.79 | -$0.58 | -1.57% |
10-Year | 3.296% | +0.073 | +9.25% |
Bond | 123.03125 | -0.5625 | -2.06% |
Dow | 11410.32 | +0.35% | +0.25% |
Nasdaq | 2637.54 | +0.80% | +1.78% |
S&P | 1240.40 | +0.60% | +1.28% |
The Metals:
Gold remained near unchanged in Asia and London before it fell almost $20 in early New York trade to as low as $1372.15 shortly after 10AM EST, but it then rallied back higher in the last few hours of trade and ended with a loss of just 0.55%. Silver fell to as low as $28.038 before it also rallied back higher and ended with a loss of just 0.52%.
Euro gold fell to about €1046, platinum lost $5.25 to $1670, and copper gained over 2 cents to about $4.11.
Gold and silver equities saw slight losses for most of the morning, but they then climbed back to about unchanged by midday and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Trade Balance | Oct | -$38.7B | -$44.5B | -$44.6B |
Export Prices | Nov | 1.5% | - | 0.8% |
Export Prices ex-ag. | Nov | 0.8% | - | 0.6% |
Import Prices | Nov | 1.3% | - | 1.0% |
Import Prices ex-oil | Nov | 0.8% | - | 0.3% |
Michigan Sentiment | Dec | 74.2 | 72.5 | 71.6 |
Treasury Budget | Nov | -$150.4B | -$134.0B | -$120.3B |
Treasury: Financial bailout income at $35 billion Yahoo
Most Americans Say They're Worse Off Under Obama, Poll Shows Bloomberg
Americans in Poll Want Deficit Cut With Entitlements Secured Bloomberg
Ron Paul, Author of `End the Fed,' to Lead Panel Overseeing Central Bank Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include PPI, Retail Sales, Business Inventories, and a FOMC rate decision on Tuesday, MBA Mortgage Applications, CPI, the Empire Manufacturing Survey, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, and the NAHB Housing Market Index on Wednesday, Initial Jobless Claims, Housing Starts, Building Permits, the Current Account Balance, and the Philadelphia Fed on Thursday, and Leading Economic Indicators on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell on worries over a Chinese rate hike this weekend.
The U.S. dollar index and treasuries waffled near unchanged on mixed economic data that sent the Dow, Nasdaq, and S&P modestly higher.
Among the big names making news in the market Friday were GE, Berkshire Hathaway, Blackstone, Pfizer, and Occidental.
GATA Posts:
Eric Sprott and David Franklin: The silver lining
With the right questions now, Paul really might 'End the Fed'
Despite central banks and jewellers, gold has remonetized itself
Compliments for GATA from National Inflation Association
The Statistics:
Activity from: 12/09/2010
Gold Warehouse Stocks: | 11,569,631 | -318 |
Silver Warehouse Stocks: | 107,057,582 | -1,008,662 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) | SPDR® Gold Shares | 1293.778 | 41,596,261 | US$57,199m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 121.29 | 3,899,714 | US$5,372m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 133.28 | 4,284,922 | US$5,905m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 14.21 | 475,090 | US$633m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 51.00 | 1,639,733 | US$2,281m |
NASDAQ Dubai | Dubai Gold Securities | 0.154 | 4,965 | US$7m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.518 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 107.95 - No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,941.34 - No change from yesterday’s data.
The Miners:
Minco Gold’s (MGH) unusual market activity and Esperanza’s (EPZ.V) ownership interest in Global Minerals were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Paramount | PZG +40.76% $2.59 |
2. Minco | MGH +20.63% $2.28 |
3. Northern Dynasty | NAK +19.84% $13.41 |
LOSERS
1. Ivanhoe | IVN-3.78% $23.94 |
2. Alexco | AXU -2.54% $7.68 |
3. Exeter | XRA -1.85% $5.85 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's gold and silver stock news:
JAXON ANNOUNCES UNIT PRIVATE PLACEMENT - More
- December 10, 2010 | Item | ShareThis
Newcastle Announces Private Placement - More
- December 10, 2010 | Item | ShareThis
Ivernia Announces Early Conversion of All Outstanding Convertible Notes - More
- December 10, 2010 | Item | ShareThis
Prominex Corporate Update - More
- December 10, 2010 | Item | ShareThis
Hana Mining Ltd. Appoints Ernst & Young as Auditors - More
- December 10, 2010 | Item | ShareThis
Ucore Updates Exploration Work at Lost Pond, Newfoundland - More
- December 10, 2010 | Item | ShareThis
Riverside Announces That William Lee has Been Appointed to the Company's Board of Directors - More
- December 10, 2010 | Item | ShareThis
Bell Copper Corporation - Stock Option Grant - More
- December 10, 2010 | Item | ShareThis
Ressources Minieres Pro-Or Inc.: Update on St-Augustin Plant Activities - More
- December 10, 2010 | Item | ShareThis
LINCOLN MINING EXPANDS CLAIM BLOCK AT ORO CRUZ GOLD PROPERTY, CALIFORNIA - More
- December 10, 2010 | Item | ShareThis
Seafield Increases Private Placement to $15,000,000 - More
- December 10, 2010 | Item | ShareThis
Belmont & Dorex Drilling Progress on Lumby/Bufo Property - More
- December 10, 2010 | Item | ShareThis
Fancamp Appoints Robert N. Granger Q.C. Chairman - More
- December 10, 2010 | Item | ShareThis
Minco Gold Corporation: Unusual Market Activity - "Minco Gold Corporation (the "Company" or "Minco Gold") (TSX:MMM - News)(AMEX:MGH - News)(Frankfurt:MI5 - News) is not aware of any material undisclosed event that would cause unusual market activity." More
- December 10, 2010 | Item | ShareThis
Abington Orientation Soil Sample Results - More
- December 10, 2010 | Item | ShareThis
GOLDEN DAWN MINERALS INC. - Issue of options to Financial Strategy Consultant - More
- December 10, 2010 | Item | ShareThis
Caledonia Mining - Resignation of Chairman - More
- December 10, 2010 | Item | ShareThis
Supatcha Acknowledges Unsolicited Bid - More
- December 10, 2010 | Item | ShareThis
Mill Bay Ventures Executes Letter of Intent on Golden Repeat - More
- December 10, 2010 | Item | ShareThis
Appointment to the Board and Continuation of Drilling at Dufferin - More
- December 10, 2010 | Item | ShareThis
Chantrell Announces Non-Brokered Private Placement - More
- December 10, 2010 | Item | ShareThis
Prospero Intersects 16.17 Meters of 4.03 g/t Au, 204 g/t Ag, 4% Pb Including 8.15 Meters of 5.0 g/t Au, 223 g/t Ag, 7.6% Pb at El Dorado Project, Nayarit - More
- December 10, 2010 | Item | ShareThis
NSGOLD COMPLETES PHASE 1 DRILLING AT MOOSELAND AND COMMENCES WORK ON THE LEIPSIGATE GOLD PROPERTY - More
- December 10, 2010 | Item | ShareThis
Glen Eagle Resources Inc.: Private Placement - More
- December 10, 2010 | Item | ShareThis
Alto Arranges $2 Million Private Placement - More
- December 10, 2010 | Item | ShareThis
Dynasty Gold Signed Earn-in Agreement on Nevada Property - More
- December 10, 2010 | Item | ShareThis
Lydian International Limited Acquires Option to Purchase Minority Interest - More
- December 10, 2010 | Item | ShareThis
Ardent Mines Announces Appointment of Two New Directors to Board - More
- December 10, 2010 | Item | ShareThis
Laurion Intercepts 7.62 Meters of 28.6 g/t Silver and 3.37 g/t Gold and Continues to Expand Mineralization at Bell Mountain - More
- December 10, 2010 | Item | ShareThis
Malbex Year-End Update - More
- December 10, 2010 | Item | ShareThis
Inmet Management Presentation at Las Cruces - More
- December 10, 2010 | Item | ShareThis
ABITEX REPORTS GOLD ASSAYS UP TO 73 G/T AT LAVOIE U-AU PROJECT - More
- December 10, 2010 | Item | ShareThis
Hathor Exploration Limited: New Uranium Mineralization Confirms Exploration Potential at Russell Lake - More
- December 10, 2010 | Item | ShareThis
Qiao Xing Universal Resources Provides an Update on the Progress of the Proposed Privatization of its Subsidiary - More
- December 10, 2010 | Item | ShareThis
Molycorp and Sumitomo Agree to USD$130 Million Equity and Debt Investment in Molycorp in Exchange for Rare Earth Supply Agreement - More
- December 10, 2010 | Item | ShareThis
Anaconda Mining Inc. and New Island Resources Inc. Announce Signing of Arrangement Agreement - More
- December 10, 2010 | Item | ShareThis
Strathmore Joins OTCQX - More
- December 10, 2010 | Item | ShareThis
Jourdan Plans 3,000 Metres Diamond Drilling Campaign on the Lithium and Rubidium Discovery Grading Up to 1.88% Li2O and 2,550 g/t Rubidium - More
- December 10, 2010 | Item | ShareThis
VMS Reports That the First Step Out Drill Hole at Reed Lake Has Intersected 10 Metres of 2.39% Copper 214 Meters Down Plunge of the Reed Lake Deposit - More
- December 10, 2010 | Item | ShareThis
Encore Renaissance Resources Corp. Continues Negotiations on Tanzanian Gold Project - More
- December 10, 2010 | Item | ShareThis
Advanced Explorations Inc. Closes $5.3 mm Strategic Investment by XinXing Pipes Group - More
- December 10, 2010 | Item | ShareThis
Lucky Boy Silver Initiates Investor Communications Program - More
- December 10, 2010 | Item | ShareThis
Lakeland Resources Inc. Closes Private Placement Financings - More
- December 10, 2010 | Item | ShareThis
Esperanza's Special Warrants of Global Minerals Ltd. Converted Into Shares and Warrants - "Esperanza Resources Corp. ("Esperanza") (TSX VENTURE:EPZ - News) is pleased to announce that, at the annual general meeting of the shareholders of Global Minerals Ltd. (TSX.V:CTG) held on December 3, 2010, Global's shareholders overwhelmingly approved Esperanza acquiring greater than 20% of Global's stock through the conversion of its special warrants and thereby becoming a control person of Global. The special warrants have been converted accordingly, and Esperanza now holds 23,493,233 shares of Global, representing a 36.4% ownership interest in Global, and warrants to purchase a further 2,079,951 shares." More
- December 10, 2010 | Item | ShareThis
- Chris Mullen, Gold Seeker Report
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-- Posted 10 December, 2010 | |